Author Archives: Jillian Perkins

About Jillian Perkins

Communication Manager

Arnerich Massena is Excited to Announce Bryan Shipley, CFA, CAIA, Has Been Named Co-Chief Investment Officer

We are excited to announce that Bryan Shipley, CFA, CAIA has been named co-chief investment officer of the firm. He will serve alongside Tony Arnerich and share the responsibilities of chief investment officer, providing thought leadership and overseeing the firm’s investment strategy. Tony Arnerich has been working with Bryan for many years and has selected him to help drive the company’s investment approach into the future. Mr. Shipley, who joined Arnerich Massena in 2003, has had a key role in the development and maintenance of the firm’s investment philosophy and research process as head of traditional and real assets, and the move to co-CIO is a natural progression of his work. With a distinguished career of more than 19 years, Mr. Shipley is an accomplished and seasoned investment professional.

Photo by Edward Hermanson

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Arnerich Massena’s I AM Learning Partnership Hosts its First-Ever Summer Community Literacy School

“A student who is low-income and can’t read at grade level by the end of third grade is 13 times less likely to graduate from high school with their peers.” ~ Reading Results

Reading is fundamental to success and happiness, and one of the goals of Arnerich Massena’s I AM Learning Partnership is to help students who are struggling to learn to read. That’s why we are partnering with local non-profit Reading Results to host a summer community literacy school. This is a first-time event for us, and we’re very excited about the possibilities.

Students from Irvington Elementary, Boise-Elliott, King, and Sabin schools will join the I AM Learning Partnership and Reading Results for a six-week summer school program this summer. The program is offered to community families at no charge. Targeting 30 first and second-grade students who are not meeting Oregon state benchmarks, the summer literacy school will provide individual literacy support.

Kate DeGraw, Arnerich Massena’s community service coordinator, remarks, “The new partnership between the I AM Learning Partnership and non-profit Reading Results means that we can reach more students and develop a curriculum to meet individual student needs. Each student will receive very focused literacy intervention.”

Reading Results partners with schools serving low-income students to provide a proven reading intervention program. “We want to provide extra support to these students to make sure they are ready to go when school starts in the fall,” says Jennifer Samuels, executive director of Reading Results. “We’ll provide individualized reading instruction using a lesson plan designed to address any gaps in their knowledge and also to capitalize on the things they are good at.”

Reading Results evaluates children’s “opportunity gap” with individual assessments that make it possible to personalize curriculum. They will also conduct a final assessment at the end of the program to provide a report to the students’ principals and the school district. The goal is to show major gains in literacy.

Samuels adds, “It’s very exciting when multiple organizations align their services to support students to be great readers. That’s why we’re here.”

We look forward to providing updates on the program as it proceeds – stay tuned for more!

For more information about Reading Results, visit https://readingresultspdx.org/

For more information about Arnerich Massena’s I AM Learning Partnership, visit http://arnerichmassena.com/community-service/

 

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Another Lawsuit Claiming Breach of Fiduciary Duty

The new lawsuit against the University of Chicago filed by retirement plan participants on May 18 in Illinois can serve as a reminder of the critical importance of fiduciary responsibility. Plaintiffs are suing the University of Chicago for breach of fiduciary duty, alleging that the college failed in its fiduciary duty, resulting in excessive administrative and investment fees and fund underperformance. The University of Chicago’s retirement plans in aggregate have over $3 billion in assets and more than 36,000 participants.

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Arnerich Massena’s I AM Learning Partnership prepares for its summer programs

Arnerich Massena’s I AM Learning Partnership is preparing to celebrate some endings and also some exciting new beginnings. Our 2016-17 school-year programs at Irvington School are concluding as we rapidly approach the last day of school. This year, the programs helped more than 100 Irvington students improve their skills in reading, math, science, and homework completion, while also providing mentorship to adolescent girls. Read more »

TEDxPortland Donates Backpacks to Arnerich Massena’s I AM Learning Partnership

A huge dose of gratitude to TEDxPortland and David Rae, who are gifting the Poler backpacks left over from the TEDxPortland event to the children of Arnerich Massena’s I AM Learning Partnership. More than 30 of these fantastic backpacks will be handed out to students who attend the I AM Learning Partnership summer programs. (Read a description of a past summer camp here.) Read more »

What is the Fed’s next move?

The Federal Reserve has some plans for the coming year. In addition to the possibility of more rate hikes, The Fed is considering a start to unwinding the $4.5 trillion in bonds on the central bank’s balance sheet. In the March meeting of the Federal Open Market Committee, officials stated that the unwind is likely to begin this year, although no details about when or how were addressed. Read more »

Department of Labor Delays Applicability of the Fiduciary Rule

At Arnerich Massena, we are proud that we have always been ahead of the curve on this issue, acknowledging fiduciary status since our inception and offering independent, unbiased advice to retirement plans. Regardless of the outcome of the review, we will continue to acknowledge our fiduciary status and work in the best interest of plan participants.

The Department of Labor’s (DOL) fiduciary rule was set to go into effect on April 10, 2017, but the DOL has announced that the rule has been delayed by 60 days. A Presidential Memorandum issued on February 3 requested that the DOL complete a comprehensive analysis of the rule and its impacts. This delay is intended to allow enough time to evaluate the regulation before it goes into effect. The new applicability date is June 9, 2017. Read more »